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Human capital externalities and employment differences across metropolitan areas of the USA

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  • John V. Winters

Abstract

It has been well documented that employment outcomes often differ considerably across areas. This paper examines the extent to which the local human capital level, measured as the share of adults with a college degree, has positive external effects on labor force participation and employment for U.S. metropolitan area residents. We find that the local human capital level has positive externalities on participation for women, but an inconsistent effect on participation for men. However, the local human capital level reduces unemployment for both men and women. We also find that less educated workers generally receive the largest external benefits.

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Article provided by Oxford University Press in its journal Journal of Economic Geography.

Volume (Year): 13 (2013)
Issue (Month): 5 (September)
Pages: 799-822

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Handle: RePEc:oup:jecgeo:v:13:y:2013:i:5:p:799-822

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Citations

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Cited by:
  1. Winters, John V., 2012. "Differences in Employment Outcomes for College Town Stayers and Leavers," IZA Discussion Papers 6723, Institute for the Study of Labor (IZA).
  2. Camilo Alberto Cárdenas Hurtado & María Alejandra Hernández Montes & Jhon Edwar Torres Gorron, 2014. "An Exploratory Analysis of Heterogeneity on Regional Labour Markets and Unemployment Rates in Colombia: An MFACT approach," Borradores de Economia 802, Banco de la Republica de Colombia.
  3. Winters, John V., 2013. "STEM Graduates, Human Capital Externalities, and Wages in the U.S," IZA Discussion Papers 7830, Institute for the Study of Labor (IZA).
  4. Sjoquist, David L. & Winters, John V., 2014. "Merit aid and post-college retention in the state," Journal of Urban Economics, Elsevier, vol. 80(C), pages 39-50.

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